What are the implications of BFG Holdco, Inc. being an affiliate of Cool Binz?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
BFG Holdco, Inc. ("BFG Holdco" formerly known as HRI Holdings, Inc.), our affiliate, and a wholly owned subsidiary of BELFOR, also owns the following franchise companies that offer the franchise offerings in the chart below and that may also offer products or services to franchisees:
For value received, BFG Holdco, Inc., a Delaware corporation (the "Guarantor"), located at 3310 West End Avenue, Suite 620, Nashville, TN 37203, absolutely and unconditionally guarantees to assume the duties and obligations of Chem-Dry, Inc., NHance, Inc., 1-800 Water Damage International, LLC, Hoodz International, LLC, Ductz International, LLC, Patch Boys International, LLC, Plumberz International, LLC, Packoutz International, LLC, Safer Home Services International, LLC, Cool Binz International, LLC, Redbox+ International, LLC and JunkCo+ International, LLC, under their franchise registrations in each state where the franchises are registered, and under its Franchise Agreement identified in their Franchise Disclosure Documents issued March 28, 2025 (individually, each, a "Franchisor"), and as the Franchise Agreements may be entered into with all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever occurs first. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding, notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, BFG Holdco, Inc. is an affiliate of Cool Binz International, LLC, and a wholly-owned subsidiary of BELFOR. This affiliation has several implications for prospective franchisees. BFG Holdco, Inc. owns other franchise companies and may offer products or services to Cool Binz franchisees. This could represent opportunities for cross-promotion or bundled service offerings.
BFG Holdco, Inc. also provides a guarantee of performance for Cool Binz, ensuring that the franchisor will fulfill its obligations under the franchise agreement. Specifically, BFG Holdco, Inc. absolutely and unconditionally guarantees to assume the duties and obligations of Cool Binz International, LLC, under their franchise registrations in each state where the franchises are registered, and under its Franchise Agreement identified in their Franchise Disclosure Documents issued March 28, 2025. This guarantee remains in effect until all obligations of Cool Binz to its franchisees are satisfied or the liability of Cool Binz to its franchisees under the Franchise Agreement has been completely discharged.
BFG Holdco, Inc.'s role as a guarantor provides a level of financial security for Cool Binz franchisees. It means that if Cool Binz were to default on its obligations, BFG Holdco, Inc. would step in to ensure those obligations are met. This reduces the risk for franchisees and demonstrates the financial strength and commitment of the parent organization to the Cool Binz brand. Franchisees should review the full guarantee in Exhibit C of the Disclosure Document to understand the specific terms and conditions.